Transport & Logistics
Maersk cutting at least 10,000 jobs as shipping boom unravels
Shipping group A.P. Moller-Maersk, reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling.
Japan-funded rail projects all on track as committed
The Department of Transportation on Friday said the railway projects funded by the government of Japan are all on track to full completion as scheduled.
Late payment charge never an unusual practice – Globe
Globe Telecom Inc. on Friday said the late payment fee is "standard practice" in other sectors in Philippines and abroad.
The Ayala-led telco said the...
TPB, WTCMM to strengthen MICE promotions
The Tourism Promotions Board (TPB) and World Trade Center Metro Manila (WTCMM) are strengthening their support for the meetings, incentives, conferences, and exhibitions (MICE) industry in the years forward as they consider MICE promotions one of the pillars of tourism marketing.
MPTC lengthens NLEX Connector but keeps toll rate steady
NLEX Corp. on Thursday said it will retain the discounted rate of P86 charged of motorists using the NLEX Connector until further notice despite the opening of the new segment.
